ITC Not Allowable under Bengal VAT for Payment to Third Party: Calcutta HC

Pacharia Exports Private Limited Vs Special Commissioner (Calcutta High Court) Introduction: The Calcutta High Court recently ruled on a crucial matter in the case of Pacharia Exports Private Limited vs. Special Commissioner. The petitioner contested an order by the West Bengal Taxation Tribunal, specifically challenging the denial of Input Tax Credit (ITC) concerning payments made to a third party instead of the selling dealer. Detailed Analysis: The petitioner raised two primary grounds before the tribunal. Firstly, the Assessing Officer had initially allowed the ITC claim, but it was subseq...